Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$259,845$259,845$382,491
Remaining term (yrs)24.024.030.0
Secondary amount$0$122,646$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.099%7.560%
1st payment$1,244.74$1,244.74$2,627.45
2nd payment$0.00$817.64$0.00
Taxes / mo$324.58$324.58$324.58
Insurance / mo$150.00$150.00$150.00
MI / mo$212.37$212.37$76.50
HOA / mo$80.00$80.00$80.00
Total monthly$2,011.70$2,829.34$3,258.53
Cash to close$165,145$42,499$42,499